1. Given the following table.Income (RM million)Consumption (RM million)0100100150200200300250400300500350 How much is the autonomous consumption in the economy?How much investment should be increased to achieve an income of RM400 million?Calculate the MPS.Derive the consumption function. 2. Given the following information,C = 500 + 0.7YdT = 0.2YI = 400G = 100Calculate the national income equilibrium.Based on your answer in (a), draw the aggregate expenditure graph.Suppose that investment changes by 300, what would happen to the national income equilibrium?Suppose that tax (T) changes, and the new T is T = 0.2 Y + 50, calculate the new national income equilibrium. 3. Given the following information,S = -200 + 0.3YI = 100Calculate the national income equilibrium by using the Leakage-Injection approach.Calculate the value of saving.Draw the aggregate expenditure graph. 1.Given the following table.Income (RM million)Consumption (RMmillion100100150200200300250400300500350a. How much is the autonomous consumption in the economy?b. How much investment should be increased to achieve an income of RM400 million?c. Calculate the MPS.d. Derive the consumption function.2.Given the following information,C = 500 + 0.7YdT= 0.2YI= 400G= 100a. Calculate the national income equilibrium.b. Based on your answer in (a), draw the aggregate expenditure graph.c. Suppose that investment changes by 300, what would happen to the national incomeequilibrium?d. Suppose that tax (T) changes, and the new T is T=0.2Y+50, calculate the new nationalincome equilibrium.3.Given the following information,S= -200 + 0.3YI = 100a. Calculate the national income equilibrium by using the Leakage-Injection approach.b. Calculate the value of saving.c. Draw the aggregate expenditure graph.

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Answered: Given the following table. Income (RM…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1. Given the following table.

Income (RM million)	Consumption (RM million)
0	100
100	150
200	200
300	250
400	300
500	350

How much is the autonomous consumption in the economy?
How much investment should be increased to achieve an income of RM400 million?
Calculate the MPS.
Derive the consumption function.

2. Given the following information,

C = 500 + 0.7Yd

T = 0.2Y

I = 400

G = 100

Calculate the national income equilibrium.
Based on your answer in (a), draw the aggregate expenditure graph.
Suppose that investment changes by 300, what would happen to the national income equilibrium?
Suppose that tax (T) changes, and the new T is T = 0.2 Y + 50, calculate the new national income equilibrium.

3. Given the following information,

S = -200 + 0.3Y

I = 100

Calculate the national income equilibrium by using the Leakage-Injection approach.
Calculate the value of saving.
Draw the aggregate expenditure graph.

1.
Given the following table.
Income (RM million)
Consumption (RM
million
100
100
150
200
200
300
250
400
300
500
350
a. How much is the autonomous consumption in the economy?
b. How much investment should be increased to achieve an income of RM400 million?
c. Calculate the MPS.
d. Derive the consumption function.
2.
Given the following information,
C = 500 + 0.7Yd
T= 0.2Y
I= 400
G= 100
a. Calculate the national income equilibrium.
b. Based on your answer in (a), draw the aggregate expenditure graph.
c. Suppose that investment changes by 300, what would happen to the national income
equilibrium?
d. Suppose that tax (T) changes, and the new T is T=0.2Y+50, calculate the new national
income equilibrium.
3.
Given the following information,
S= -200 + 0.3Y
I = 100
a. Calculate the national income equilibrium by using the Leakage-Injection approach.
b. Calculate the value of saving.
c. Draw the aggregate expenditure graph.

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